Regulation
Legal
Former Celsius CEO sued for allegedly defrauding customers
The New York attorney general has filed a lawsuit against Celsius Network's former CEO Alex Mashinsky for allegedly defrauding investors.
Analysis
FET becomes reserve asset for Binance as AI token popularity rises
The AI crypto sector continues its surge in popularity as FET token becomes Proof of Reserve asset for Binance, Huobi and Bitfinex.
Featured
FTX attorney announces $5B in assets recovered
FTX attorney Andy Dietderich announced that $5 billion in cash, investment securities and liquid cryptocurrencies have been recovered.
Analysis
GMX daily fees soar over 1100% to $2.11M
GMX daily fees surged over 1100% reaching $2.11 million. Fees generated primarily from margin trading on Arbitrum and Avalanche blockchains.
Analysis
Crypto market forecasted to grow 7.2% through 2030
R&M report that the crypto market is projected to grow at a 7.2% CAGR from 2022-2030 due to various factors.
Research
Research: Bitcoin shrimp, crab cohorts aggressively buying; ETH equivalent cohorts selling
Bitcoin and Ethereum Shrimp and Crab cohorts reveal a stark difference in market trend and sentiment of the top two cryptocurrencies.
Analysis
BTC second-worst YTD since 2011, expected to remain flat through 2023
Bitcoin is predicted to remain flat through 2023, following its second-worst year to date in 2022, according to Arcane Research.
Legal
Alameda objects to debtors’ Plan in bankruptcy case
Alameda Research claims the debtors' plan is unconfirmable and falls short of disclosure requirements.
Analysis
BONK diluted market cap crashes $140M, Whitepaper link added
BONK Solana meme token loses 35% of its market value in six hours, recording $140 million diluted market cap loss — down 51% from its ATH.
Banking
Silvergate Capital bank forced to sell assets at loss, fires 40% of staff
Silvergate Capital faced a $8.1 billion bank run and was forced to sell assets at a loss, resulting in a $718 million loss.
CBDCs
G7 economies move into development stage of CBDCs
G7 economies and over 20 additional countries are in development stages for CBDCs, according to the Atlantic Council.
Analysis
Top 25 BONK holders own over 50% of supply, no sign of Whitepaper
Solana-based memecoin BONK airdropped over 50% of its total supply across 25 holders out of roughly 98,000 holders of the coin — the project has yet to release an official whitepaper.
